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Planet Awarded as a Subcontractor for $95M California Satellite Data Purchase Program

1. Planet Labs selected for $95M CARB Satellite Data Purchase Program. 2. Contract may boost revenue from methane data services in California.

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Why Bullish?

The contract's significant value and strategic importance indicate potential revenue growth for PL, similar to past contracts boosting stock performance.

How important is it?

This substantial contract aligns with PL's business model, likely increasing investor interest and stock price.

Why Long Term?

The multi-year nature of the contract suggests sustained revenue, similar to past long-term contracts improving company valuation over time.

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CARRGHG
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced it was selected as the primary subcontractor for the California Air Resource Board's (CARB) Satellite Data Purchase Program (SDPP). The $95M SDPP multi-year contract was awarded to Carbon Mapper with Planet as a subcontractor to provide the state of California with methane data built upon Tanager hyperspectral collections, and other Planet data product.

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